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ICCM Financials IceCure Medical Ltd.

7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 2.7% per year over the past 5 years.
  • Operating margin has contracted, at -446.7% in the latest year.

Financial health

  • The company holds more cash ($9M) than total debt ($13000).
  • Total debt has grown slower than revenue (-91.9% vs -2.7% per year).
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$17M -$6M $4M $0 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-550% -244% 63% 0% 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$15M -$8M $0 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $13M $26M 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$15M $8M $31M $0 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $3M -$15M 36.3% -446.7% -$15M $13000 $9M
2024 $3M -$15M 44.1% -476.9% -$13M $161000 $8M
2023 $3M -$15M 40.3% -482.4% -$13M $11M
2022 $3M -$17M 46.8% -542.6% -$15M $24M
2021 $4M -$10M 53.0% -235.0% -$13M $26M
2020 $4M -$4M 63.2% -107.1% -$4M $4M
2019 $2M -$5M 32.2% -294.0% -$2M

Valuation over time

How the market has priced ICCM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 65.0 130.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is ICCM growing its revenue and profit?

Over the past 5 years, IceCure Medical Ltd.'s revenue has declined 2.7% per year. These are computed facts, not advice.

How much debt does ICCM have?

As of FY2025, IceCure Medical Ltd. reported $13000 of total debt against $9M of cash.

What is ICCM's profit margin?

In FY2025, gross margin was 36.3%, operating margin -446.7%, and net margin -445.6%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.